Fidelity Executive Declares: Bitcoin and Crypto Markets Have Likely Bottomed Out
Wall Street heavyweight drops bullish bomb on digital assets
The Bottom Line
Fidelity's leadership just signaled what crypto enthusiasts have been waiting for - the brutal downturn might finally be over. Their assessment cuts through the market noise, suggesting we've hit the floor and the only way left is up.
Institutional Confidence Returns
When traditional finance titans start talking recovery, markets listen. This isn't some random crypto influencer shouting 'buy the dip' - this is serious money declaring the pain phase has ended. The timing couldn't be more provocative given how many traditional investors still treat crypto like digital Beanie Babies.
Maybe they finally realized blockchain does more than just disrupt their precious 2-and-20 fee structures.
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It is also worth mentioning that ASML’s chipmaking machines use advanced technologies like DEEP ultraviolet and extreme ultraviolet light, which makes them so complicated that servicing them is said to be like maintaining an F-35 fighter jet. Each EUV machine costs about $400 million and is so large that it takes multiple 747 planes to deliver one from the Netherlands.
According to ASML’s VP, Clayton Patch, former U.S. Navy or Air Force members are great candidates for these service jobs because of their experience with advanced aircraft. Interestingly, the Phoenix training center includes 14 classrooms and a cleanroom and can operate 24/7 to train up to 2,000 people annually. It’s also already in use and will train both ASML employees and engineers from other chip companies who are willing to pay. Basic training takes three to six months, while advanced repairs take even longer.
Is ASML Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on ASML stock based on five Buys, two Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average ASML price target of $1,047.88 per share implies 6.3% upside potential.
